What is Udemy? Udemy is an online educational marketplace. People come together and create courses and sell them through Udemy. Udemy has been known to be a great stream of income for many entrepreneurs. If you can think it up, you can probably create a course for it. If it’s something you’ve learned, its probably something someone else would be thrilled to learn. The ideas of what kind of courses one can create for Udemy is limitless.
There are pros and cons of using Udemy to market your online courses. Choosing to go with Udemy will a personal choice based on how you will want to market your course, and what you feel you can make on your own or with Udemy.
Udemy offers course sales all the time. A quick internet search will usually turn up a great coupon to purchase a udemy course. Potential instructors see how cheap the courses can be, and they walk away from this stream of income without ever giving it a second thought.
What most people fail to realize is that Udemy has a lot of traffic that frequents their site. People from all walks of life, looking for just about any kind of information, and ready to pay money. Many of the potential students know they can either wait for a good sale, or they can search for a great coupon code so that they don’t have to pay top dollar for a Udemy course, but some people have no idea.
Instructors who use Udemy as another stream of income are often happy with their monthly earnings. I have heard awesome reviews from Udemy instructors because they don’t have to do too much once their course is up on the site, and they receive residual income. They don’t have to promote it or anything.
WARNING: If you DO promote your Udemy course, you will make more in commissions, but it’s not something that is expected. If you allow Udemy to promote your course, then you will be giving a lot of your commission back to Udemy.
Due to the amount of traffic that frequents Udemy, most people feel that the platform is extremely lucrative. I have read stories of people making a few thousand dollars a month of residual income on Udemy, and others who are making a substantial amount of money. You don’t have to do much in order to make a good paycheck from Udemy. You just need to make sure your course is thorough, complete, and well written. This will insure you won’t get many people requesting refunds.
Don’t be disappointed if you do get a few charge backs here and there. There are many people who make it a common practice to buy any kind of course, learn and ask for a refund from it. It’s a shame that people act this way but they do. So, don’t get discouraged or take it personally if your course is ever refunded back to the student. They may just be that type of person.
You could definitely sell your own courses yourself, whether on your website, through your email list, or through paid advertising. The great thing is Udemy is free to list your course, and they already have the traffic you would want. The last I heard it was over 7 million people that check out Udemy.
I will be honest, I love my Udemy account. I enjoy learning new things and making sure I am well versed in different areas. I also love the resources that many instructors include in their courses. I am a Udemy junkie, and probably fund many instructors with their ventures.
It’s easy to create your own course on Udemy, and learn more about Udemy through joining their studio. Learn how to give courses full of value. Not only is this a great way to make a few extra bucks, but it’s just another way to get your name out and get noticed by people. You can use the traffic that Udemy generates and cash in on that value by redirecting your students back to your site. I don’t have courses up there yet, but it’s a future project on my plate because I am someone who spends a good deal of money on that site, and I see the potential. I’m sure Udemy is going to have lots of rules for you on whether or not you should be redirecting them back to your site.
I do get frequent updates from instructors that I’ve purchased from! That’s really neat because I have been a repeat customer to instructors that I really liked. I think it’s very important if you are a Udemy instructor or thinking of creating a course to make sure you follow up with your students by answering their questions, etc. Follow up is always key and I think you will see me say that often.
These days in Udemy remind me back in the day in which I used to create posts for Ehow and I didn’t see any money right away in it. As eHow’s traffic picked up my .40 a month jumped to hundreds a month. It was one of the most amazing adventures I had ever been on. I’m going to have to write a post on that, and tell you about that.
So bottom line about Udemy, creating courses and putting them up? I say go for it.. run with it. Make 3 of them and see how they do. Do your research and make sure you are titling the course correctly and get out there and make some money! Go for it. Then comment below and let me know your experience. I’d love to hear from anyone who has created a udemy course and what your experience has been. Please go ahead and comment below.